The Director, Compliance is responsible for implementing and coordinating the compliance program for PMA Companies. The position will work in collaboration with a broad spectrum of functional areas in managing and providing management reporting related to Federal/State regulatory and operational compliance issues.
Responsibilities
- Manage and monitor compliance processes (coordinate, assign, recommend corrective action, and perform secondary reviews/approval) and report findings to Senior Leadership.
- Coordinate compliance audits as needed and / or requested.
- Coordinate and provide training to ensure that all appropriate employees and management are knowledgeable of, and comply with, pertinent federal and state standards.
- Participates in compliance committees and proposes viable solutions to mitigate compliance risk.
- Responsible for the oversight and leadership of PMA’s Compliance Committee.
- Identifies compliance information, techniques, and procedures for improving compliance and reducing business unit risk.
- Recommends and implements business unit policies and procedures to ensure compliance with contractual requirements, federal and state laws.
- Maintain the confidentiality of sensitive information.
- Determine compliance requirements of departments of insurance, licensing agencies and regulatory agencies and ensure adherence.
- Other duties as appropriate and relevant to the position.
- Demonstrate commitment to Company’s Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.
- Bachelor’s Degree in Finance, Accounting or comparable business related major is required.
- Ten (10) or more years of compliance or audit experience in positions of increasing responsibility required.
- Five (5) or more years insurance or financial industry experience required.
- Demonstrated staff leadership experience with proven record of goal achievement and superior service.
- Ability to understand accounting and financial controls and to read and make conclusions from regulatory guidance.
- Ability to discern the points of an operation that present increased risk and/or exposure.
- Capable of self-directed work with an ability to take ownership of projects that require some development and creativity.
- Must have strong attention to detail.
- Professional written and verbal communication, interpersonal skills
- Ability to prioritize and organize
- Proficient in Word, Excel, and Power Point.
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